Phoebe: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Phoebe
Largest movements
- Cash -€13,509
down €13,509 (-30.2%), from €44,692 to €31,183
mainly Net result for the year (-€26,818) and Trade debts (-€4,706)
- Tangible fixed assets -€5,722
down €5,722 (-75.7%), from €7,554 to €1,832
of which Furniture and vehicles: -€6,056
- Deferred charges and accrued income -€3,459
no longer reported in 2025 (was €3,459)
- Receivables within one year -€1,289
down €1,289 (-92.0%), from €1,401 to €113
of which Trade receivables: -€1,401
- Financial fixed assets +€1,250
new in 2025: €1,250
- Profit (loss) carried forward -€26,818
down €26,818 (-184.9%), from -€14,507 to -€41,325
- Other debts +€6,958
up €6,958 (+51.2%), from €13,586 to €20,544
- Trade debts -€4,706
down €4,706 (-48.6%), from €9,685 to €4,979
- Tax, wage and social debts +€1,559
up €1,559 (+4.9%), from €31,758 to €33,317
of which Remuneration and social security: +€1,623
- Gross operating margin -€19,583
down €19,583 (-11.3%), from €172,951 to €153,369
- Depreciation -€3,640
down €3,640 (-83.9%), from €4,336 to €697
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,106 | €34,377 | -€22,728 | -39.8% |
| Fixed assets | 21/28 | €7,554 | €3,082 | -€4,472 | -59.2% |
| Tangible fixed assets | 22/27 | €7,554 | €1,832 | -€5,722 | -75.7% |
| Plant, machinery and equipment | 23 | €1,498 | €1,832 | +€334 | +22.3% |
| Furniture and vehicles | 24 | €6,056 | - | -€6,056 | |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €49,552 | €31,295 | -€18,256 | -36.8% |
| Amounts receivable within one year | 40/41 | €1,401 | €113 | -€1,289 | -92.0% |
| Trade receivables | 40 | €1,401 | - | -€1,401 | |
| Other amounts receivable | 41 | - | €113 | +€113 | |
| Cash at bank and in hand | 54/58 | €44,692 | €31,183 | -€13,509 | -30.2% |
| Deferred charges and accrued income | 490/1 | €3,459 | - | -€3,459 | |
| Total equity and liabilities | 10/49 | €57,106 | €34,377 | -€22,728 | -39.8% |
| Equity | 10/15 | €2,077 | -€24,741 | -€26,818 | |
| Contributions | 10/11 | €16,584 | €16,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,507 | -€41,325 | -€26,818 | -184.9% |
| Amounts payable | 17/49 | €55,029 | €59,118 | +€4,089 | +7.4% |
| Amounts payable within one year | 42/48 | €55,029 | €59,118 | +€4,089 | +7.4% |
| Financial debts | 43 | - | €277 | +€277 | |
| Credit institutions | 430/8 | - | €277 | +€277 | |
| Trade debts | 44 | €9,685 | €4,979 | -€4,706 | -48.6% |
| Suppliers | 440/4 | €9,685 | €4,979 | -€4,706 | -48.6% |
| Taxes, remuneration and social security | 45 | €31,758 | €33,317 | +€1,559 | +4.9% |
| Taxes | 450/3 | €2,476 | €2,412 | -€64 | -2.6% |
| Remuneration and social security | 454/9 | €29,282 | €30,905 | +€1,623 | +5.5% |
| Other amounts payable | 47/48 | €13,586 | €20,544 | +€6,958 | +51.2% |
| Remuneration, social security and pensions | 62 | €173,102 | €172,438 | -€664 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,336 | €697 | -€3,640 | -83.9% |
| Other operating charges | 640/8 | €852 | €1,480 | +€628 | +73.8% |
| Non-recurring operating charges | 66A | - | €3,556 | +€3,556 | |
| Gross operating margin | 9900 | €172,951 | €153,369 | -€19,583 | -11.3% |
| Operating profit (loss) | 9901 | -€5,339 | -€24,802 | -€19,463 | -364.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +390.5% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +390.5% |
| Financial charges | 65/66B | €2,124 | €2,017 | -€107 | -5.0% |
| Recurring financial charges | 65 | €2,124 | €2,017 | -€107 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,462 | -€26,818 | -€19,355 | -259.4% |
| Profit (loss) for the period | 9904 | -€7,462 | -€26,818 | -€19,355 | -259.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,462 | -€26,818 | -€19,355 | -259.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.